What is a SoFi invest account?
SoFi Invest is a financial product to help SoFi members get started investing and maximize their long-term asset growth. We offer two types of Invest accounts. An Active Investing account, where you can pick and choose what stocks or ETFs you would like to purchase. An Automated Investing account.
Is SoFi a good way to invest?
Answer: SoFi Invest offers low fees and generally low account minimums (with the exception of margin accounts) and is best for traders wanting to invest in commission-free stocks and ETFs, as well as $0 commissions on options
Is SoFi good for investing in stocks?
SoFi Active Investing is a low-cost broker that focuses on handling the basics well and should appeal to investors who are just starting out. You can start investing with just $5 and will have access to more than 4,000 stocks and ETFs that are available with fractional shares.
Can I trust SoFi with my money?
Any additional FDIC insurance is provided by banks in the SoFi Insured Deposit Program. Deposits may be insured up to $2M through participation in the program. See full terms at SoFi.com/banking/fdic/terms. See list of participating banks at SoFi.com/banking/fdic/receivingbanks.